TI1 0.00% 1.4¢ tombador iron limited

Great to see the iron ore price breaking above US$ 130/t this...

  1. 30 Posts.
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    Great to see the iron ore price breaking above US$ 130/t this morning. I reckon it costs these guys about US$ 90/t to get their product into the customer's hands - so US$ 40/t profit. If they can produce 1,200,000t a year then that would be US$ 48m at this IO price (vs market cap of US$ 37m). Add in the stockpile of 560,000t x US$ 40 = US$ 22m. US$ 70m total. If they paid it all out, 200% dividend yield on today's price.

    Please can management just get the product moving. Sell, sell, sell!

    Iron Ore Futures (Daily Chart, US$ /t)
    https://hotcopper.com.au/data/attachments/5069/5069563-a3d9de86fbc7f0d80e63e14a690cc571.jpg

 
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